(Pohang Iron and Ltd. (POSCO), founded in 1968, is one of the world's largest steel manufacturers, supplying more than 26 million tons of steel products annually to customers in more than 60 countries.

Pohang Steel Corporation is located in Pohang, Korea ( Pohang and Kwangyang, Korea, produce a wide range of advanced steel products, including hot rolled steel coils, plates, bars, cold rolled steel sheets, conductive steel sheets and stainless steel products, etc. Pohang is ranked as the "Most Competitive Steel Manufacturer in the World" by Morgan Stanley Investment Bank. It has been ranked by Morgan Stanley Investment Bank as "the most competitive steel manufacturer in the world".

Today, Pohang Steel produces over 30 million tons of steel, employs nearly 20,000 people, has the world's first 16 million ton per year Gwangyang Steel Plant and the world's second 12 million ton per year Pohang Steel Plant, and is rated by the World Steel Institute (IISI) as "the best cost company in the world" by IISI, "the most valuable company in the steel industry" by Morgan Stanley Bank, and "the steel company with the most investment potential" by McKinsey Investors. ".

In July 2004, Steel Dynamics (WSD), a U.S. steel consulting firm, ranked the world's top 21 steel companies in terms of competitiveness in 2004, and Pohang Steel of Korea topped the list and was selected as the world's most competitive steel company for three consecutive years.

Pohang Iron & Steel Korea has well established plants in Pohang and Gwangyang, Korea. The company's main development strategies are: high quality, development into the world's best technology, close contact with customers, optimal development, and innovative management system.